The German labor market during the Great Recession: Shocks and institutions

Beitrag in einer Fachzeitschrift


Details zur Publikation

Autor(en): Gehrke B, Lechthaler W, Merkl C
Zeitschrift: Economic Modelling
Jahr der Veröffentlichung: 2018
ISSN: 0264-9993
Sprache: Englisch


Abstract

This paper analyzes Germany's unusual labor market experience during the
Great Recession. We estimate a general equilibrium model with a
detailed labor market block for post-unification Germany. This allows us
to disentangle the role of institutions (short-time work, government
spending rules) and shocks (aggregate, labor market, and policy shocks)
and to perform counterfactual exercises. We identify positive labor
market performance shocks (likely caused by labor market reforms) as the
key driver for the “German labor market miracle” during the Great
Recession.


FAU-Autoren / FAU-Herausgeber

Gehrke, Britta
Juniorprofessur für Makroökonomie und Arbeitsmarktforschung
Merkl, Christian Prof. Dr.
Lehrstuhl für Volkswirtschaftslehre, insbesondere Makroökonomik


Zitierweisen

APA:
Gehrke, B., Lechthaler, W., & Merkl, C. (2018). The German labor market during the Great Recession: Shocks and institutions. Economic Modelling. https://dx.doi.org/10.1016/j.econmod.2018.09.022

MLA:
Gehrke, Britta, Wolfgang Lechthaler, and Christian Merkl. "The German labor market during the Great Recession: Shocks and institutions." Economic Modelling (2018).

BibTeX: 

Zuletzt aktualisiert 2018-01-10 um 10:38